Colombia: Consumer confidence remains high in July
August 15, 2014
The Fedesarrollo consumer sentiment index inched up from 26.6 points in June to 26.7 points in July, reaching the highest value in 13 months. As a result, the index is now further above the 0-point threshold that separates optimistic from pessimistic territory.
The marginal monthly increase reflected that an improvement in consumers’ assessment regarding their current economic conditions slightly offset a deterioration in their expectations for their future economic situations. While consumers were more willing to purchase large-ticket items and they assessed their own economic situation more positively than last month, their expectations on the general economic conditions during the next year worsened.